I am filing my bankruptcy soon, and i know it'll take quite awhile for it to be discharged, in the meantine and possibly before that I want to start school and apply for financial aid and a student loan, will I still be able to even though I have a bankruptcy in progress? and if not, what if I apply for everything now, before I file, but then would filing while recieving aid effect anything? would I not be able to get aid after that? or would it affect any loans or grants I would be recieving at the time?
Can I get student loans and financial aid during my bankruptcy?
As far as I know, federal student aid does not go by credit score, however, if you are in default on any FEDERAL loans, you will not be eligible for FEDERAL $$$$. If this is the case, check into state financial aid, they usually give grants and scholarships. If you are trying to get private loans, thenb youll have a problem
Can I get student loans and financial aid during my bankruptcy?
bankruptcy will not prevent you from receiving financial aid. However, your financial aid counselor may request a statement that a letter from your attorney that student loans are not being attempted to be discharge
Can I get student loans and financial aid during my bankruptcy?
Your ability to obtain credit during is directly determined by the loan criteria of the lender. Your bankruptcy would show up on your credit rating.
A typical chapter 7 bankruptcy takes about 3.5 months from the time it is filed to the date you receive your discharge.
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